Opportunities in North American Seasonings, Dressings & Sauces Sector: Analysis of Opportunities Offered by Countries in the Region

2017-05-19
Price :
Published : May-2017
No. of Pages : 105

Opportunities in North American Seasonings, Dressings & Sauces Sector: Analysis of Opportunities Offered by Countries in the Region

Summary

Global Seasonings, Dressings & Sauces sector was valued at US$99,510.3 Million in 2016 and is forecasted to record a CAGR of 5.4% during 2016-2021 to reach US$129.6 Billion by 2021. North America accounted for a 28.5% value share in the global SDS sector in 2016 and is forecasted to record a CAGR of 3.5% during 2016-2021 to reach US$33.7 Billion in 2021 from US$28.3 Billion in 2016. The region’s growth can be attributed to the rising consumer demand for Oriental, Mexican, and Indian flavoring agents. Also, growing demand for organic and healthy SDS products further drives the growth of this sector in the region. Increasing levels of lifestyle diseases in US and Canada drives demand for organic labels, sodium free .and sugar free SDS products.

North America is the region with the second largest SDS market in the world, accounting for US$28.3 Billion in 2016. The SDS sector accounts for around 4% of the overall Food industry in the region. Dressings is the largest market within the sector, accounting for US$5.1 Billion (18.3% of the overall SDS sector) in 2016 and is expected to reach US$6.2 Billion in 2021, growing at a CAGR 3.6%. This is closely followed by Wet Cooking Sauces and Condiment Sauces which are forecasted to grow at CAGRs of 3.1% and 2.5% respectively during 2016-2021. The growth of these markets will be driven by the rising consumer preference for authentic and traditional flavors from across the globe.

In the North American SDS sector, there is a huge disparity in terms of market opportunities among the top countries. The US is the largest contributor in terms of market value as of 2016, while Canada is expected to record the highest CAGR of 4.1% during 2016-2021. A growing middle-class population in Mexico drives consumer interest in trying new SDS products. Also, growing retail penetration in mid-sized cities and rural areas in Mexico is expected to further fuel this growth.

The North American Health & Wellness market stood at US$4 Billion in 2016 and is forecasted to reach US$4.7 Billion in 2021 at a CAGR of 3.5%. H&W sales accounted for 14.2% of the overall SDS sector in the region, with high value sales in the US (93.2%), due to high awareness, availability, and affordability. Also, growing incidences of lifestyle diseases and the desire to reduce salt and sugar intake further adds to the growth of H&W SDS products.

Hypermarkets & Supermarkets accounted for the highest value sales of the SDS sector in North America, amounting to 68.2% distribution channel share in 2016, followed by Convenience Stores at 16.7% share. Among the countries in the region, Canada has the highest share of Hypermarkets & Supermarkets with a 84.9% share in 2016, followed by US with a 70.2% share. Mexico has a low share of this channel; however an expanding retail landscape in the country is expected to increase its share in the future.

The report “Opportunities in North American Seasonings, Dressings & Sauces Sector: Analysis of Opportunities Offered by Countries in the Region”, provide a comprehensive overview of the North America Seasonings, Dressings & Sauces sector.

In particular, this report provides the following analysis –
– Market Overview: Includes sector size, market size and growth analysis by markets.
– Change in consumption: Provides a shift in the consumption of Seasonings, Dressings & Sauces by markets across different countries in the North American region.
– Countries Analysis: Provides Risk-Reward analysis of three countries in North America based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure.
– Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Seasonings, Dressings & Sauces sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Seasonings, Dressings & Sauces in 2016. It also covers the market share of leading companies offering Seasonings, Dressings & Sauces with health and wellness attributes in the same year.
– Brand Analysis: Provides an overview of leading brands in North America region, besides analyzing the growth of Private Label in the region.
– Key distribution channels: Provides analysis on the leading distribution channels in the North American SDS sector in 2016. It covers five distribution channels – Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores and Others that include – Cash & Carries and Warehouse Clubs, Dollar Stores, e-Retailers, and General retailers.
– Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, container, closure, and outer types based on the volume sales (by pack units) of Seasonings, Dressings & Sauces.

Companies mentioned in this report: Unilever, Kraft Heinz, Pinnacle foods, Pepsi Co, Mondelez, Moccormick, Kikkoman, Hidden Valley, Conagra Foods, Campbell Soup.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the North America Seasonings, Dressings & Sauces sector . It includes analysis on the following –
– Market overview: Includes sector size, market size and growth analysis by markets.
– Change in consumption: Provides a shift in the consumption of Seasonings, Dressings & Sauces by markets across different countries in the North American region.
– Countries analysis: Provides Risk-Reward analysis of three countries in North America based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure.
– Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Seasonings, Dressings & Sauces sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Seasonings, Dressings & Sauces in 2016. It also covers the market share of leading companies offering Seasonings, Dressings & Sauces with health and wellness attributes in the same year.
– Brand Analysis: Provides an overview of leading brands in North America region, besides analyzing the growth of Private Label in the region.
– Key distribution channels: Provides analysis on the leading distribution channels in the North American SDS sector in 2016. It covers five distribution channels – Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores and Others that include – Cash & Carries and Warehouse Clubs, Dollar Stores, e-Retailers, and General retailers.
– Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, container, closure, and outer types based on the volume sales (by pack units) of Seasonings, Dressings & Sauces.

Reasons to buy

– Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the APAC region.
– The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances
– The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
– To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates

Filed in: Food & Beverage
Publisher : GlobalData
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